By Kiku Steinfeld
Chicago, Sept. 21 – GS Finance Corp. priced $798,000 of 0% autocallable index-linked notes due July 10, 2023 tied to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index closes at or above its 100% of its initial level on June 30, 2022, the notes will be called at par plus 7%.
If the notes are not called and each index gains, the payout will be par plus 2 times the index return.
If either index falls by up to 15%, the payout will be par.
Otherwise, investors will lose 1% for every 1% decline of the lesser performing index beyond 15%.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable index-linked notes
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| Underlying indexes: | Russell 2000, S&P 500
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| Amount: | $798,000
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| Maturity: | July 10, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par par plus 2 times any gain; par if either index falls by up to 15%; otherwise, 1% loss for every 1% decline of the lesser performing index beyond 15%
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| Call: | If each index closes at or above 100% of its initial level on June 30, 2022, par plus 7%
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| Initial index levels: | 2,310.549 for Russell, 4,297.50 for S&P
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| Buffer levels: | 85% of initial levels
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| Pricing date: | June 30
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| Settlement date: | July 6
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | Up to 1.05%
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| Cusip: | 40057HHV5
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